section 16
Commissionerate for purposes of this Act on such terms and conditions as the Government may determine.
The Andhra Pradesh Vaidya Vidhana Parishad Act, 1986General198625 sections3 chapters
Chapter IV MISCELLANEOUS
Statutory text
Power of Commissionerate to borrow - (1) The Commissionerate may, from time to time, with the previous sanction of the Government and subject to the provisions of this Act, and to such conditions as may be prescribed borrow any sum required for the purposes of this Act.
- (2) The Government may, for the purpose of this section, empower the Commissionerate to borrow by the issue of bonds or stocks or otherwise and to make arrangements with Bankers. .Now please refer to the provisions of the Prevention of Corruption Act, 1988 (Central Act No. 49 of 1988).
- (3) The maximum amount which the Commissionerate may at any time raise as loan under sub-section (1) shall be ten crores of rupees unless the Government by notification fix higher maximum amount.
- (4) Stocks issued by the Commissionerate under this section shall be issued, transferred, dealt with and redeemed in such manner as may be prescribed.
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